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Understanding Dealership Jargon: Terms the Public May Not Know

Shawn Ryder

FEBRUARY 7, 2024

F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles. The F&I manager will also offer additional products such as extended warranties and GAP insurance. It’s often used as a starting point for negotiations.

Term 40
Term Gap Insurance Dealerships Extended Warranty 40
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Hyundai Dealer Bait And Switch Sees Sonata Price Go From $13k To $21k

Carscoops

MAY 26, 2024

It includes features like lost-key replacement, fabric repair, windshield repair, and roadside assistance. “When submitting my application online, the out the door number was $32,207 with GAP. With a $2,500 down payment, I was only planning on financing $29,707.

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Addendum Finance Gap Insurance Pre-Qualify 117
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